Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing.
The way Canadians qualify for a mortgage is changing; known as the ‘stress test,’ it may cause more stress as it will be harder to obtain a residential mortgage.
If you’ve recently been asking yourself what’s going on with mortgage rates, you’re not alone. As we start moving towards economic recovery and investors’ optimism of vaccine availability to combat the coronavirus, fixed rates have started to edge upwards.
Each person is unique, and so is their story. We’re talking about their personalities, their backgrounds, their perspectives, and their talents. But if each person is different then why do so many settle for cookie-cutter solutions when it comes to choosing a mortgage? As we all know, a mortgage is a legal contract between you […]
What is a second chance? An opportunity to try something again, a fresh start, or a do over (or if you play golf consider it a mulligan). If you’re a homeowner, the current market conditions may be giving you that second chance right now. You have likely heard that mortgage interest rates have plummeted to […]